Business

Canada Goose, Wendy’s, Perrigo, Southwest and others

Check out the companies making the headlines in front of the bell tower:

Canada Goose (GOOS) – Canada Goose lost 45 cents a share (Canadian) for its first fiscal quarter, smaller than the 53 percent loss analysts had anticipated, while the airwear maker saw even a better-than-expected income. However, its loss widened compared to a year ago thanks to higher spending, and its stock has slipped 2.1% in premarket business.

Wendy’s (WEN) – Wendy’s rose 3.3% in the pre-market after beating higher and lower estimates for the second quarter. The restaurant chain earned 27 cents per share, 9 cents above estimates, with sales in the same store beating forecasts that more people will return to eat in person.

Perrigo (PRGO) – Consumers ’shares of consumer health products fell 8.8% in premarketing stock, following a higher and lower mission for the last quarter of Perrigo. The gain came in at 11 cents below estimates at an adjusted 50 cents per share, hurt by a cold season and weaker cough among other factors.

Southwest Airlines (LUV) – The airline said it saw an increase in cancellations this month due to growing concerns about the Covid-19 Delta variant, making it difficult to be profitable for the current quarter. Southwest fell 1.9% in the premarket.

Coinbase (COIN) – Coinbase reported a quarterly adjusted profit of $ 3.45 per share, beating the consensus estimate of $ 2.33 in its second report as a public company. The cryptocurrency exchange operator also saw better-than-expected revenue of $ 2 billion, up from $ 178 million the year before. Trading volume during the June quarter jumped 21% from the previous 3 months, and its shares increased 2.3% in premarket trading.

WW International (WW) – WW fell 22.3% in premarket trading after quarterly profit and revenues fell below analyst forecasts. The company, formerly known as Weight Watchers, earned a whopping 48 cents per share for the quarter, 17 cents shy of estimates, with membership levels lower than its WW forecasts. CEO Mindy Grossman said the company had a comprehensive plan in place to optimize performance during the second half of the year.

FuboTV (FUBO) – FuboTV lost 68 cents per share for its last quarter, broader than the 51 percent loss that analysts had anticipated. However, the sports-focused streaming service reported better-than-expected revenues and gave an optimistic forecast including a projected doubling of year-over-year revenues. Shares of FuboTV increased 13.4% in premarket shares.

Norton LifeLock (NLOK) – Norton LifeLock buys rival Avast for cybersecurity up to $ 8.6 billion in cash and shares. The agreement will expand Norton LifeLock’s portfolio of cybersecurity software offerings for consumers. Shares jumped 4.6% in the premarket.

Poshmark (POSH) – Poshmark reported a quarterly loss of 4 cents per share, 2 cents less than Wall Street had forecast, while online retailer of second-hand goods saw revenue estimates. However, Poshmark forecast revenue for the current quarter below analysts ’forecasts and said it would see success from Apple’s new privacy controls. Poshmark fell 8.2% in premarket business.

ThredUp (TDUP) – ThredUp lost 15 cents per share for its last quarter, one cent less than anticipated, while the online pre-owned fashion retailer reported better-than-expected revenue and gave an optimistic forecast . The optimistic results helped the manifestation of the stocks of 7.3% in the premarket.

Alight (ALIT) – Financial services company Voya Financial (VOYA) is exploring a potential acquisition of the newly hired public benefits administrator, according to people with knowledge of the matter who spoke to Bloomberg. It is unclear if active discussions are ongoing and there is no guarantee that an agreement will be reached. Alight tacked on 2.6% in premarket trading.

CORRECTION: This article has been updated to correct how long Coinbase is a public company.


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